Sunday, April 6, 2014

Inflation Will Bail Out The Debtors

In the U.S. where everybody is massively in debt including the government the debtors will have relief if inflation bails them out. But that is not an argument that inflation is a good thing it just allows the debtors to default on the creditors. So the debtors win and the creditors lose.

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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